If you are not building in sufficient capex, then these costs could be higher, if not much higher.

Now, I’m ready to put those skills to work in real estate, building my own portfolio here in the U.S. and helping others around the world do the same.I’m particularly interested in BRRRR strategies and rentals, especially opportunities that appeal to international investors looking to invest in U.S. cities. 

I am just starting to focus on building our portfolio and growing it hopefully successfully the next 7 years. appreciate the insight, Scott. 

A community of growth oriented, abundance mindset, go-giver individuals with a BARE MINIMUM commitment to become financially free through real estate investing.We focus on providing education and building networks to help every member solve their cash-flow freedom equation, so they can have the time-freedom needed to follow their passions, make a lasting impact and even change the world!

Hey @Marie Copul, since you want to leave your job, I recommend focusing on a high cash flow business model within REI to begin with before getting into the lower cash flow (wealth building) models.So, flipping and wholesaling are the typical high cash flow models within REI.

If you can get good at networking and building relationships by establishing rapport, you'll get ahead much quicker in this niche.

By building strong connections and sharing knowledge, we can support each other's journeys and uncover new pathways to success.Moreover, let's not forget the importance of maintaining a healthy work-life balance.

But he stuck with me I had a 1 mil credit line that they kept in place so I could make money it was on 90 day extensions for 3 years :( but if they had not done that I would have had to give them the keys back on a few commercial buildings I ate 250k negative cash flow on those buildings to make sure the bank got all their money..

How do I acquire the funds to build an ADU to the property?

All my properties are true multi-family, More than 5 units per building.